[FoRK] Oil at $66.86
Strata R. Chalup
Sun Aug 14 10:08:00 PDT 2005
That's a nicely hair-raising set of links. The one which troubles me mightily,
especially added to your collection, is
Fannie Mae and Freddie Mac have been running wild for years, so various
forward-thinking politicians are trying to crack down them. Problem is, there
are some indications of shaky accounting there already, discussed elsewhere
(maybe an Atlantic article? something I read about 3 - 6 months back).
The kind of oversight and investigation that this bill could trigger could start
a panic tumble. Not to say there *shouldn't* be oversight and investigation,
and not saying anything about this bill in particular. Merely observing that in
some ways this bill is like saying "We have a big paperwasp nest hanging here
that we're worried might fall down. Let's start poking it with a stick
regularly to make sure it's still well-attached."
I think I'll spend some of today learning to can tomatoes.
Adam L Beberg wrote:
> And then there is this...
> Now taking bets. I say by 2006, housing is toast, oil is over 100 due to
> a tanked dollar, and the last "made in america" product is off the
> shelves of Walmart (if there are any now)...
> Luckily, there is just as much money to be made on the way down.
Strata R Chalup [KF6NBZ] strata "@" virtual.net
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